Techswipe IT Solutions Private Limited
About Techswipe IT Solutions Private Limited
Data last updated:
Techswipe IT Solutions Private Limited was a private limited company based in Chennai, Tamil Nadu, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the computer programming segment of the technology and IT services sector. It was incorporated on 14 November 2008.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U72300TN2008PTC069851.
The company had an authorised share capital of ₹37.34 Lakh and a paid-up capital of ₹37.34 Lakh. It was formerly known as Prasperi Trading Private Limited. It was led by directors Varadha Rajan Sreevas and Prasath Periyasamy.
Its last annual general meeting (AGM) was held on 21 June 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Level 5 Tamarai Tech Park, Chennai, Tamil Nadu.
As per the financials filed for FY 2017, the company reported a revenue of ₹13,680, a growth of 75% compared to the previous year. For the same year it recorded a net loss of ₹1.6 Lakh and EBITDA of -₹1.42 Lakh.
Company details
CIN history
Techswipe IT Solutions has one previous CIN (Corporate Identification Number): U74900TN2008PTC069851. The current CIN is U72300TN2008PTC069851, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72300TN2008PTC069851 | Current |
| U74900TN2008PTC069851 | Previous |
Contact details
Techswipe IT Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressLevel 5 Tamarai Tech Park S P Plot No.16 – 19 & 20A Thiruvika Industrial Estate Inner Ring R, Oad Guindy, Chennai, Tamil Nadu, India – 600032
- IndustryInformation Technology, Computer Programming, Consultancy
To see the full contact details of Techswipe IT Solutions Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Techswipe IT Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
Financials of Techswipe IT Solutions Private Limited
FY 2017 filings availableTechswipe IT Solutions Private Limited reported revenue of ₹13,680 (up 75% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 75% in the latest year. EBITDA rose 83% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹13,680 | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹1.42 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1.6 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | |||
| Net Profit Margin | |||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Techswipe IT Solutions Private Limited, buy the company report.
Board of directors of Techswipe IT Solutions Private Limited
Techswipe IT Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varadha Rajan Sreevas | Director | 14 Nov 2008 | 17 Years 11 Months | As last reported |
| Prasath Periyasamy | Director | 14 Nov 2008 | 17 Years 11 Months | As last reported |
Peer comparison
Techswipe IT Solutions Private Limited is compared with the 7 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Techmarvels Solutions Private Limited | ₹13,818 (FY 2023) | Chennai, Tamil Nadu, India | ||||
| Headforce Information Systems Private Limited | ₹13,799 (FY 2021) | Mumbai, Maharashtra, India | ||||
| Infonet Services (India) Private Limited | ₹13,718 (FY 2018) | -95.0% | Delhi, India | |||
| Mskengineering and IT Service India Private Limited | ₹13,682 (FY 2025) | -100.0% | Bangalore, Karnataka, India | |||
| Techswipe IT Solutions Private Limitedthis company | ₹13,680 (FY 2017) | -₹1.6 Lakh | 75.0% | Chennai, Tamil Nadu, India | ||
| Erns Technology Solutions Private Limited | ₹13,640 (FY 2025) | -99.0% | Kolkata, West Bengal, India | |||
| Orasi Media Private Limited | ₹13,552 (FY 2018) | Mumbai, Maharashtra, India | ||||
| Icestones Technologies Private Limited | ₹13,550 (FY 2016) | -48.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Techswipe IT Solutions Private Limited, buy the company report.
Auditor
Techswipe IT Solutions Private Limited is audited by R BUPATHY AND CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R BUPATHY AND CO | FY 2017 | 000525S |
Shareholding
The shareholding of Techswipe IT Solutions Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Techswipe IT Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Techswipe IT Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Techswipe IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Techswipe IT Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Techswipe IT Solutions Private Limited has 3 board changes on record since 2008: 2 appointments and 1 cessation. The latest: Prasath Periyasamy ceased to be Managing Director on 18 Aug 2010.
Frequently asked questions
Techswipe IT Solutions has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Techswipe IT Solutions was a private limited company based in Chennai, Tamil Nadu, India. The company worked in computer programming, within the information technology industry. It was incorporated on 14 November 2008 and is registered under CIN U72300TN2008PTC069851. The company has been struck off by the Registrar of Companies and is no longer operational.
Techswipe IT Solutions had 2 directors:
- Varadha Rajan Sreevas - Director
- Prasath Periyasamy - Director
The CIN (Corporate Identification Number) of Techswipe IT Solutions is U72300TN2008PTC069851. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Techswipe IT Solutions is at Level 5 Tamarai Tech Park S P Plot No.16 – 19 & 20A Thiruvika Industrial Estate Inner Ring R, Oad Guindy, Chennai, Tamil Nadu, India – 600032.
Techswipe IT Solutions was incorporated on 14 November 2008. It is registered with the Registrar of Companies, Chennai.
The latest financial statements of Techswipe IT Solutions on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 21 June 2017. Year-wise statements from 2015 are in the company report.
Techswipe IT Solutions operated in the information technology industry, in the computer programming segment. It worked in this industry before it was struck off.
The peers of Techswipe IT Solutions by revenue are Techmarvels Solutions Private Limited, Headforce Information Systems Private Limited, Infonet Services (India) Private Limited, Mskengineering and IT Service India Private Limited, Erns Technology Solutions Private Limited and 2 more, all in the same principal business activity (computer programming, consultancy and related activities).
Prasath Periyasamy ceased to be Managing Director on 18 Aug 2010. Prasath Periyasamy was appointed as Director on 14 Nov 2008. Varadha Rajan Sreevas was appointed as Director on 14 Nov 2008.
Yes. Techswipe IT Solutions was formerly known as Prasperi Trading Private Limited.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
